Home sales fell by 42pct in Delhi-NCR in the first eight months of 2012

Dipping home sales, lack of fresh launches, high property rates and controversy over land deals-it may not be the brightest of Diwali for the realty sector this year. However, with interest rates coming down, property rates showing signs of stability and a go ahead from the Greater Noida authorities, developers believe that a turnaround in fortunes for the real estate market is not far away.
“There was a trust deficit in the market, due to one controversy after another,” said Lalit Kumar Jain, president, The Confederation of Real Estate Developers’ Association of India (CREDAI)………………………………………..Full Article: Source